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Army warns of West Bank explosion Smotrich links banking to settlements
The article addresses the escalating tensions between Israel and the Palestinian Authority, where the Israeli military warns that the West Bank is nearing a breaking point due to rising settler crimes and worsening economic conditions. Meanwhile, the Shin Bet (Israel Security Agency) emphasizes the necessity of maintaining the Palestinian Authority as a security guarantee for Israel. The Israeli government, led by Finance Minister Bezalel Smotrich, is using the issue of Palestinian banks and their relationship with the Israeli banking system as a political pressure tool, particularly concerning settlements, by reducing the duration of compensation agreements that protect Israeli banks from terrorism lawsuits. This threatens the stability of the banking channel between Israel and the Palestinian Authority. Despite international pressures to preserve this financial link, Smotrich has exploited his position to gain political concessions. The government has proposed measures to facilitate financial operations, but the crisis has been postponed to the next government, amid fears that a further deterioration of the Palestinian economic system and security in the region could occur if the situation worsens.
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